Quitclaim Deed - Individual Grantor, by Attorney in Fact, to Individual - Indiana 2025

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Pros and Cons of Quitclaim Deeds Pros. There are several benefits of using a quitclaim deed, including: Simple Process. Completing a quitclaim deed is a simple and straightforward process. Affordable. Quick. Multiple Uses. Cons. No Warranties. Assumption of Liabilities.
In Indiana, a quitclaim deed must be notarized in order to make the transaction official. There must be a legal description of the property that matches other records for it.
The average cost (i.e., legal fees) for a lawyer to prepare and file a quitclaim deed is $520.00. This cost point come from recent quitclaim projects on the ContractsCounsel platform across all US states. Note, this does not include any fees to file at the county clerks office, which can range from $10 to $100.
Quitclaim deeds are typically used to transfer property in non-sale situations, such as transfers of property between family members.
Reporting Sales: If the property is sold as part of the quitclaim deed transaction, the sale must be reported on the grantors and potentially the grantees income tax returns. The grantor must report any capital gains from the sale.
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Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

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